Announcing the development a few days ago, Hoskinson said the hospital would be open for business by February. They are replacing Ethereum with Ethereum 2.0. Cardano founder Charles Hoskinson has announced the launch of his new hospital called Hoskinson Health & Wellness Clinic, which will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem. Hoskinson said that Ethereum has a very confusing structure and that the upcoming ETH 2.0 release will lead to the demise of the entire network:įirst of all, Ethereum is killing itself. Read: IOHK CTO Thoughts On Cardano Explosive Growth, Comparison With Ethereum, Smart Contracts And More He shared reasons why Cardano is the better blockchain project than ETH.Įthereum has never partnered with local governments of developing countries to help their citizens, while Cardano has done so in Ethiopia, Tanzania, and Georgia. Read: Nasdaq Admire Cardano As “By The People, For The People” Type Of Currency
In late May, he criticized Ethereum network, calling it overrated with a lack of vital properties. This isn’t the first time Charles Hoskinson has elevated Cardano above his rivals. So, it’s sort of concerning – not for now, but for the future – imagine if most of the financial system runs on Bitcoin – how much consumption will be in 10 years.?
They are trying to put in more power to win over other mining pools. This is only going to keep increasing because people are fighting for the next block. In Cardano, we have 2,000 stakepool operators scattered across the world, which are producing blocks – and it keeps growing. Look at Bitcoin – it’s centralized around huge mining farms which are all concentrated in some part of the world like China and other countries. Recently IOHK CTO also gave his remarks about BTC saying: While Cardano has had significant success recently, We as a team are certain that cardano will achieve its goals in the future. Hoskinson pointed out that all crypto projects are an experiment and hide their risks. Hoskinson thinks Musk should focus on ADA instead of bitcoin:īitcoin is the least programmable of all crypto and if you want to do interesting, and unique things, there’s just no real way to do that with BTC. If they really care about alternative energy, sustainability, carbon reduction and carbon neutrality, you can’t be in a system (BTC) that has no built-in mechanism to limit energy consumption.
In addition, he said that Cardano should be Tesla’s first choice: He noted that the Cardano PoS system is much better than BTC in terms of power consumption. Here’s how the Cardano price may move after the Vasil hard fork.In an interview with Lex Fridman, Charles Hoskinson highlighted the benefits of his proof-of-stake blockchain platform Cardano. Experts believe a move above $0.55 will be bullish for the ADA price, pushing the rally towards $1.Īt the time of writing, the Cardano price is trading above $0.46, up nearly 5% in the last 24 hours. ADA made a 24-hour low and high of $0.446 and $0.479, respectively. The Cardano (ADA) price jumped after the Vasil hard fork. He asserts a mega bear market may happen if people like SEC Chair Gary Gensler are empowered. It will improve the functionality, performance, scalability, and interoperability of the Cardano network.Ĭharles Hoskinson also criticizes the CBDC concept that gives more power to governments.
The Vasil hard fork introduces capabilities including Plutus v2 scripts, diffusion pipelining, reference inputs, inline datums, reference scripts, and data serialization primitive. Also, two addresses making 46% of blocks after the Merge is unusual. Ethereum needs to have a better design and move in the right direction. In a recent interview at the Web summit 2022, Hoskinson warns about the potential raged decentralized identity war as many now know the power it carries.
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